The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-22
THE BUSINESS OUTLOOK.
What Is Shown by Study of the Figures Of
the Transactions Of the Past Week.

New York, JAN Pr G. Dun & Co.'S
weekly review of trade says: Southern railway
consolidation has been the feature in specu-
lative markets Cor the past week. In other mar
kets the remarkably industrial growth of the
county receives most attention. Whether rail
way consolidation, which at the North has been
the fruitful mother of monopolies, will forward
Southern industrial developments, is not yet
11eas, -fof is the question of interest to opera
tors who look for large and immediate profits
from rising prices Of stocks, land mines and
mills. But if another wave Of wild speculation
should sweep the South, such as ended in
the disasters following 1887, 1857 and 1873, the
permanent growth and prosperity OF that region
might not be promoted.
:. The swelling tide of industry and legitimate
business is recorded in the weekly bank clear
ances and railway Offices returns Clearings
outside Of New York. are the largest ever known
for the season, and though Boston, Providence,
Springfield and Portland, at the north, and Gal
weston at the South, fall behind last year. all
other cities report gains, and the aggregate out
side of New York increased 10a per cent. for
last week. Railroad earnings thus far in Jan
uary show large gains over last year In De-
cember ninety-eght roads gained IL Z per cent !,
and for the year 1886 the gain in earnings was
D5 per cent, against Al per cent in mileage. At
indianapolis, the past week. 20, 42S cars were
moved, gain of 80 per cent over the same
week last year.
In many branches industrial growth is re-
markable. Silk manufacture consumed 4, 751 GIG
pounds of raw silk and 1.6ll, ,744 pounds waste
last year. against 1862, 236 pounds raw silk in
1880, having more than doubled since
The census. American paDer-makers are
paper from British publishers, the of wood
pulp here having gvon this country an advan
stage. Louisiana ground 100000 tons of cane
last year averaging 100 pounds of sugar to the
TOW Int mil }1c alr nd hna CT tn
pounds The improvements is needed, since
Dunn's Glasgow estimate is that the worlds pro-
ducton for 1867 will be 963 900 tons of sugar,
against A. al ,45l in 1855 But this country con
Rnmed 1893 962 tons, only 10000 less than Great
Britain.
Speculation in products has abated. Wheat
sales last week were only 100000 bushels
: with decline of nearly a cent. Corn and oats
rose 1c each; oil. &c; lard, ll6c and pork 25c
Bar iron was advanced BIZ the Eastern associa
ton to 2.1c, and Pittsburg coke-makers dis
cussing advance Pig-iron and cotton are
unchanged. Coffee has declined &c: sugar, 1-16c
and beef about Zoe.
Fair orders come for cotton goods. although
MANY buyers are here. Both export and domestic
demand for browns is good. Cassim meres and
worsteds expected to sell at last years prices
though materials higher. and English
worsted yarns advance cents per pound There
is some hesitation in opening heavy wooden S.
The idea prevails that the demand for wooens
generally may fell below last years, because
heavy consumers bought too largely last year
A great sale of 10000 pieces, OH Jan. 26 o
goods not before auctioned since 1853, is awaited
with interest.
Money is easy, though foreign exchange
gradually rises. The Treasury has taken il
about half million more than it has paid ou
for :ha F7e4s, but receipts oI siivef & tbs tbs New
York custotn house have fallen TO Is. 3 per cent
Of tho whole
The business failures occurring Throughout
the country during the last seven days. as re
ported today hy telegraph number. for tn
United States, 276, and for Canada o5. or a tota
of sol failures. AS compared with 323 last week
300 the week prevous to the last, and 329 for tn
corresponding week OF 1886 Or the 216 in tn
United States this week the Western and Pacifi
States report ll6 and the Southern States Gt
In Now York city there no assignments @
consequence.